Central Bank Approves Misr Digital Innovation’s Transition to onebank, Egypt’s First Fully Digital Bank

Central Bank Approves Misr Digital Innovation’s Transition to onebank, Egypt’s First Fully Digital Bank

The Central Bank of Egypt (CBE) approved the transformation of Misr Digital Innovation (MDI) into onebank, Egypt’s first fully digital native bank, Egypt’s State Information Service said on 17 August. This transition enables onebank to offer financial services exclusively through digital channels and platforms. MDI, founded in 2020 with Banque Misr as its main shareholder, will complete its transformation and officially launch onebank’s services…